The stock market declined on Friday after the latest Producer Price Index report showed stronger-than-expected inflation, dampening hopes for near-term interest rate cuts by the Federal Reserve.
The data revealed that producer prices rose 0.5% in January, exceeding economists’ expectations of a 0.3% increase.
Overall, S&P 500 was down 0.4% to 6,879, while NASDAQ fell 0.9% to 22,668.
Tweet of the Day
Good take on the housing market. Here in Miami, homes are 25% overvalued. https://t.co/p9fkQj8Zhq
— David Sharek (@GrowthStockGuy) February 26, 2026
Chart of the Day
Here is the one-year chart of American Express (AXP) as of February 3, 2026, when the stock was at $350.
American Express’ growth was driven by strong demand from Millennials and GenZ customers for its Platinum and Gold cards. Management stated these younger customers became the largest share of U.S. Consumer spending and remained the fastest-growing group during the quarter.
American Express continued to attract younger users to premium products, with the average of new U.S. Platinum cardholders at 33 years old and Gold cardholders at 29 years old. Their high engagement supported strong spending across dining, travel, and retail, with restaurant spending up 9% year-over-year and luxury retail spending rising 15% year-over-year. This shift toward younger, fee-paying cardholders helped drive 18% growth in net card fees to a record $10 billion, marking double-digit net card fee revenue growth for the 30th consecutive quarter, while credit quality remained strong.
AXP is part of our Conservative Portfolio. With a P/E of 20, this stock has room to move higher.
